Did you know that charitable gifts might help you save on taxes in a multitude of ways while also helping the children of Pop Warner? Your donations may be income tax deductible and exempt from gift taxes; and with a proper strategy, you may be able to reduce capital gains tax as well.
If you, or anyone you know, expect to have capital gains this year, consider donating shares of appreciated stock or mutual funds to Pop Warner. You may be able to deduct the current market value of your gift for income tax purposes and may be able to avoid any capital gains taxes you would have owed if you sold the assets (subject to certain limitations).
The transfer of ownership is easy. Simply ask your financial institution to transfer the assets to Pop Warner. We can provide you with the necessary information. To be effective for income tax purposes, the transfer will need to be made before year-end.
Finally, do not overlook free money. Many companies match dollar-for-dollar on eligible employee's gifts to non-profit organizations. Some companies also match dollars for volunteered time. Please take a moment to see if your company participated in a similar program. Every dollar raised will help the children of Pop Warner in 2004!
For more information, please contact the PWLS National Office at (215) 752-2691.
